On July 17, 2019, the US Internal Revenue Service issued final regulations (T.D. 9872) providing guidance on the rules under Internal Revenue Code section 50(d)(5) requiring an income inclusion by the lessee ...

On December 20, 2018, the US Department of Treasury and the IRS released proposed regulations under Section 864(c)(8) of the Code on the treatment of a foreign partner's transfer of an interest in a partnership...

In a recently released private letter ruling, the IRS confirmed that residential solar energy batteries are eligible for the tax credit under Section 25D of the Code, subject to an important and unexpected caveat.